In recent weeks, PEPE has surged significantly, drawing the attention of major investors who are taking advantage of the current price momentum. Over the past month, the coin has risen by an impressive 60%. Notably, a particular investor deposited a massive 365 billion PEPE into Binance, as reported by Lookonchain. This same investor gained notoriety six months ago for turning a $494,000 investment into an astounding $5.3 million.
With PEPE's market capitalization now exceeding $6 billion, this investor may see a lucrative opportunity to take profits. Despite a slight slowdown in PEPE's growth over the past week, the overall bullish market sentiment suggests that the coin's price could soon reach new heights.
Analyses indicate that PEPE is currently in a chart position that signals an upward trend, suggesting potential exponential growth similar to that of the past month. This upward trajectory has fueled optimism among investors, who believe that PEPE could continue to rise at a remarkable pace. The investor's substantial deposit reflects confidence in the coin's potential for further appreciation, adding to the excitement surrounding PEPE's future prospects.
As PEPE continues to attract interest and investment, it remains to be seen how high the price can go. However, recent developments and the investor's significant actions provide a strong indication of the coin's promising direction. Investors are closely monitoring PEPE, anticipating that the current momentum could drive it to unprecedented levels in the near future.
